Economy
GEK Terna's nine-month net profits rise by 70.5 percent
Greek construction and energy group GEK Terna’s results for the first nine months of the year showed that group turnover increased by 3.3 percent.
Retail sales drop by 0.7 pct in September after upward revision for August
Greece’s retail sales fell by 0.7 percent year-on-year in September after upwardly revised growth of 0.4 percent in August, according to data published by the Hellenic Statistical Agency (ELSTAT) on Thursday.
E-auctions get underway as draft SLA is prepared
Electronic auctions made a successful, albeit brief, debut on Wednesday, boosting hopes that Greece and its lenders will conclude a Staff-Level Agreement (SLA) this week and pave the way for the completion of the third review in January.
Lamda Development net results show 22 mln loss in 9M
Property developer Lamda Development has reported a 21.4 percent rise in revenue for the first nine months of 2017.
High participation rate helps bond swap tick box
Greece’s Public Debt Management Agency (PDMA) announced on Wednesday that is on the verge of completing successfully the debt management exercise that it initiated on November 15.
Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
Piraeus Bank’s third quarter (Q3) results showed a net loss of 19 million euros, undoing the net profit of 7 million euros seen in Q2.
Slight uptick for economic sentiment and consumer confidence in November
Greece’s economic sentiment (ESI) edged up by 0.1 points in November to 98.4 from 98.3 in October, yet remained below the 100-point mark it surpassed temporarily in September, European Commission (EC) figures revealed on Monday.
Athens, creditors on way to settling energy, labour issues in third review
Electronic auctions are due to begin on Wednesday, with the Greek government hoping that the process runs smoothly and that an agreement with the institutions can be secured by the end of the week.
OECD sees growth picking up, warns about society and financial sector
The Organisation for Economic Co-operation and Development (OECD) became the latest body to confirm Greece’s return to solid growth next year, although it issued a conservative forecast for economic activity this year.
Deposit inflows of 1.04 bln in October for banks
Deposit flows in the Greek banking system showed positive inflows of 1.04 billion in October, reversing outflows of 47.2 million seen in September, Bank of Greece (BoG) figures revealed on Tuesday.